Medical Transcription: Production Pay and Overtime

Medical transcriptionists are often paid based on their output. In most cases, compensation is based on how many lines a person can transcribe, which is multiplied by their rate per line. Sounds pretty simple, right? Of course, that first assumes you understand how a line is defined. We’ve had that discussion here many times, so we won’t go into it now.

A question that is often asked is when someone is paid for production, what about overtime pay? First, let’s be very clear, overtime is only something that is given to those who work as employees of a company. Does not apply if you are an independent contractor. If you are classified, as some MTs have been, as a “statutory employee” then it applies to you. In the past, there has been a misunderstanding that overtime laws do not apply to the category of statutory employees; This is incorrect.

So how does it work? If you are a paid production employee, are you entitled to overtime pay? In that same light, what other things might apply to compensation?

First, these issues are determined by the Fair Labor Standards Act. Requires that a non-exempt employee be paid at least the minimum wage AND be entitled to overtime pay for all hours worked over 40 in a week. It would seem simple, right?

You might wonder why I also include the minimum wage in this discussion. When someone is just starting out in this profession, it is not uncommon for them to be slower than they will eventually be. If you get paid for production, that significantly lowers your income. However, at no time should your wages be less than the federal minimum wage of $7.25 per hour. That means long gone are the days when new hires were told to just “work until they hit their line quota.” That doesn’t work without making sure you paid at least minimum wage and pay if the person works more than 40 hours in a workweek. Yes, that means you must keep a time sheet for yourself and your employer. It serves as verification of the hours worked. Also remember that your state laws may have a higher minimum wage. If that is the case, that is the rate that should be used as the standard. For example, the minimum wage in Oregon is $8.40, so if you live in Oregon, that’s the number you use. This applies based on where the employee lives and works, not where the employer is located.

Now let’s talk about overtime. You have all been there. The workload suddenly increases and everyone is asked to do a little more to meet client deadlines. In that case, if you are an employee, you are entitled to be paid overtime pay at one and one-half times your normal hourly rate.

I just heard you say, “hourly rate? I get paid per production!” Yes, and you still have an hourly rate. The way to arrive at your hourly rate is to take your total lines, multiply your pay rate, and divide by your total hours worked. That will give you your average hourly rate. Using that rate, you can calculate what you are owed in overtime pay. Let’s make an example for that:

Total lines for the week: 8,500

Pay rate per line: $0.08 per line

Total payment (line times fee): $680.00

Total Hours Worked: 50 (You have 10 hours overtime)

Your average hourly rate: $13.60

Remember that while overtime is paid at one and one-half times the hourly rate, your previous production pay already paid you for the hour, so you are missing “half” of the overtime pay. So, for every hour of overtime pay, you would receive an additional $6.80, for a total of $68.00 ($6.80 for the 10 hours of overtime).

Your Total Payment: $748.00

The law also says that it is not okay to “average” two weeks of hours, nor is it okay to use “compensated time” instead of paying overtime. It also specifically says that an agreement between the employer and the employee does not deny the employee’s right to overtime pay. Many times an employer will say that overtime is not allowed unless approved in advance. Even that does not negate the law. I’ve heard MTs talk about being the only person working a night shift where a statistical report came in and they had to do it, throwing that person into an overtime situation. What is OK is for your employer to ask you to take that extra time off on another day, as long as it is in the same week. If it happened to be the last day of your work week, then overtime applies.

While it is easy to say that employers are responsible here, I believe medical transcriptionists have a responsibility to know and understand what their rights are. When interviewing for a position as an employee, this is definitely a topic to cover! It’s part of fully understanding how you are compensated.

Hire iPad App Developers – Top Notch Apple iPad App Development Service Provider

Today, the iPad market is in its booming era due to the features, capacity, and capabilities of it. With the boost of its market, the demand for iPad developers has also increased. Therefore, the availability of them has been increasing rapidly. It is good news for its users to make their device more attractive, professional, advanced and eye-catching than others. For that, you need to hire iPad app developers that are available at an affordable cost considering the skills and creativity of them.

The iPad itself contains the best features and functions in the industry that give users more than they know. Today, this device rules the tablet market which contains the largest number of users. It is very useful to fulfill small business and enterprise purposes as it works like a computer. It has changed the world view when it comes to mobile technology and computer technology. Therefore, they are the most needed in the market.

They can develop tremendous applications that attract the viewer more. As it has been launched by Apple, the brand itself shows the popularity and demand in this technology market. The iPad app developer has perfect knowledge of Apple SDK and that enables them to produce dynamic and magnetic apps for their clients.

The games appeal to everyone. The game takes us back to our childhood. Everyone has played and plays inside or outside, on mobile or computer. But, its users can play 3D games with the best quality and amazing features and functions on its 9.7-inch high-resolution liquid crystal multi-touch screen tablet PC with eye-catching graphics, and which produces the real game for its users. They also have the ability to design wonderful games for him. You can also hire them for iPad game development as they are very experienced in this service. Therefore, you can also hire iPad game developers from the best game app service provider company.

Their great skill and vast experience enables them to provide the best iPad software development service for small businesses and large organizations. They are at the top in providing their business applications as well as enterprise applications in the market. If you are doing business then you should hire an iPad app developer to get the best business apps which are very useful in your business and also save your cost and time.

For all iPad development services, its users can contract them under the following conditions:

• Hourly and daily basis for short-term projects

• Weekly and monthly basis for medium term projects and

• Annual basis for long-term projects

Depending on the demand and need, you can get them from the mobile and tablet development experts.

Then get the benefit by hiring iPad app developers for Apple’s top-notch iPad app development service.


There are two sets of accepted accounting rules for international use: American standards called Generally Accepted Accounting Principles (GAAP) and international standards known as International Financial Reporting Standards (IFRS). The first is developed by the Financial Accounting Standards Board (FASB), whose power is derived from the United States Securities and Exchange Commission (SEC). The second is developed by the International Accounting Standards Boards (IASB), an independent accounting standards-setting body based in London. Although GAAP and IFRS share some similarities in their financial statement presentation, they do not agree on all issues. There are differences in reporting and classifying income statement and balance sheet items between these two sets of rules.

Unlike the more detailed GAAP rules-based standard, the principles-based IFRS tends to be simpler in its accounting and disclosure requirements. The Income Statement is a mandatory statement under IFRS as it is under GAAP and is known as the “Statement of Comprehensive Income”. The IFRS statement of comprehensive income is similar to that used by GAAP; however, there are few differences when comparing these two income statements.

GAAP income statement presentation follows a single-step or multi-step format. However, IFRS does not mention a single-step or multi-step approach. Under IFRS, entities must classify expenses by their nature (such as the cost of material used, direct labor incurred, advertising expenses, depreciation expense, and employee benefits) or by their function (such as cost of goods sold, selling expenses, and administrative expenses). Although GAAP does not have such a requirement, the SEC does require a functional filing. While GAAP defines operating income, IFRS does not recognize this key measure. Additionally, extraordinary items are prohibited by IFRS; while, under GAAP, entities must report extraordinary items if they are of an unusual nature and of infrequent occurrence. The portion of profit or loss attributable to the non-controlling interest (or minority interest) is disclosed separately in the IFRS statement of comprehensive income. Additionally, while IFRS identifies certain minimum items that must be presented in the statement of comprehensive income, GAAP does not have minimum reporting requirements. However, the SEC imposes more stringent filing requirements.

Balance sheet presentation is a requirement under both GAAP and IFRS. The most visible difference is how IFRS refers to this statement as “Statement of Financial Position” instead of Balance Sheet. The accounts in the statement of financial position are classified under IFRS, which means that similar items are grouped together to arrive at significant subtotals. In addition, the IASB indicates that the parts and subsections of the financial statements are more informative than the whole; as a result, the IASB does not encourage the reporting of summary accounts per se (eg total assets, total liabilities, etc.). Unlike GAAP, IFRS current assets are generally listed in the reverse order of liquidity. For example, under IFRS, cash is listed last. In addition, most companies under IFRS present current and non-current liabilities as separate classifications in their statements of financial position, except in industries where the presentation of liquidity provides more useful information. It is crucial to point out some important differences in information elements on the balance sheet between GAAP and IFRS.

In the current assets section, inventory is valued differently under IFRS. The use of last in, first out (LIFO) is prohibited under IFRS. Also, unlike GAAP, if inventory is depreciated at the lower of cost or market value, it may be reversed in a later period up to the amount of the prior depreciation under IFRS. In addition, IFRS allow the revaluation of property, plant and equipment and intangible assets and report them as other comprehensive income.

IFRS uses different terminology in the equity section of your statement of financial position. For example, share capital is the par value of issued shares. It includes ordinary shares (called common shares) and preferred shares (called preferred shares). The issue premium under the equity section of IFRS is the excess of the amounts paid over the face value.

A major problem caused by the disparity related to the presentation of GAAP and IFRS financial statements is the lack of uniformity. This issue creates difficulty in comparing financial statements across GAAP and IFRS. As a result, it is rational for US companies that have subsidiaries abroad to convert to IFRS to make it easier for stakeholders to make comparisons and enable them to access global capital markets. However, switching to IFRS may not be beneficial for US small businesses; the conversion will result in incremental costs that could outweigh the benefits.

Are you ashamed of these trading mistakes?

In my negotiation interview with Camp Group CEO Jim Camp, he pointed out that there is a difference between tactics and principles.

As a pilot in the Air Force, you were taught that a principle will always defeat a tactic. Therefore, it is very important to observe the difference between a tactic and a principle.

A tactic is something that is designed to take advantage of a weakness in the opponent.

A principle is something constant and that never changes.

I will illustrate the above with an example of the negotiation for the purchase of a new car. We will look at the tactic of using reciprocity and blame against the principle of honesty.

We’ve all seen it on TV and in movies and it’s probably happened to all of us at one point or another: Good Guy, Bad Guy. This classic negotiation tactic is still taught and is still frequently applied.

At the car dealership, it goes like this: You have decided on the make and model of the car you want and are now negotiating the price. The salesperson excuses himself to go talk to the sales manager about the price he asked for. He comes back and says he really fought for you and could only get the sales manager to accept a small discount.

So again you say that you will go to bat for you, go over the sales manager and talk to the general manager, even though this puts your job at risk, you really want to help.

Perhaps someone who is young and going through their first negotiation could fall for this classic tactic. But anyone who has been through some negotiations or who has studied negotiations will immediately see this tactic for what it is.

This is where the clash between tactic and principle takes place. The principle here is that of honesty. People value honesty and it is necessary to conduct business properly. Regardless of how well the seller executes the good boy, bad boy tactic, if there is a hint of dishonesty in it, the plan will fall apart and the buyer will lose trust and respect for the seller.

Yes, you can still buy the vehicle if the price works for you, but we can be sure that you will not send references to this seller and that the seller’s career will be short-lived.

Never try to use a tactic that will compete with a principle. Every time you try to implement a negotiation tactic, think carefully about it and make sure it is backed by proper principles.

Small Business Equity Loan Summary: Which Financing Solution Is Right For Your Business Needs?

About 2/3 of small businesses have some type of debt. If you’re having trouble financing everything you need to run your business, you may be interested in small business equity loans. Businesses with cyclical or seasonal income will often require more funds to stay positive during the off-season period. There are some companies that require loans that can be used for daily operations. Whatever your case, it is important to choose the right lender.

What about insurance rates? They will vary considerably depending on whether you opt for conventional or alternative financing, as well as factors such as the length of the loan, your credit score and history, and the age of your business. Due to the nature of certain types of loan products, such as shorter terms (four months), such financing tends to come with higher rates. Industrial / commercial bank loan rates have been consistently lower in recent years.

Online lending platforms, also known as “marketplace loans” and “crowdfunding,” might be worth looking into. This type of platform connects lenders and investors with companies or individuals hoping to start a business. However, you will need a really compelling campaign to get enough people to notice and take an interest in what you are trying to fund.

Small Business Equity Loans: A Bank Or Another Financing Option?

However, if you need working capital, small business equity loans from a good bank are probably your best option. It’s not just the day-to-day operations that some businesses require working capital for. There are also needs for growth and expansion. Without sufficient funding, it will be difficult for a small business to grow and expand.

Some banks are backed by the SBA, although the SBA itself does not offer small business loans. The 7 (a) loan program offered by the SBA allows qualified businesses to borrow working capital of up to $ 5 million. Online lenders are great to look for if you need quick funding and approvals. This is because they use artificial intelligence and machine learning technology to aid in the approval process.

There may be some loans that are better suited to your needs than a general working capital loan. For example, you can try applying for a new franchise loan if you are interested in franchise financing. Or you can look for loans for inventory and equipment.

No matter what you’re looking for, there are several small business equity loan options at US Business Funding. The application and approval processes are very fast and there is a very high approval rate.

Commercial print modeling versus editorial print modeling

When you think or hear about the word “commercial” as it relates to the modeling industry, there are some variations of the meaning, but in the most practical way with regard to “printed” photography, think of the word “promote”. The model’s job is to be photographed “promoting” a product or service in a print advertisement (eg … in magazines, brochures, newspapers, catalogs, etc.). There are numerous opportunities for COMMERCIAL PRINTING MODELS that exist throughout the United States and internationally. The advertisement can range from the smallest company promoting their livelihood to large corporations that can pay for their own advertising agencies to handle marketing campaigns.

Commercial print modeling is very different from editorial print modeling. Remember that an “editorial” is a magazine fashion “story” of the trend that is happening at that particular time, not a specific ad from a single company, although you will see multiple credits cited in small print from stores and designers. of the outstanding garments and accessories. Some advertisements you may see in magazines may be neatly laid out and photographed in an “editorial style”, but it is ultimately a “commercial” advertisement if it promotes a company name. However, it makes a nifty and high-fashion advertisement, because that is the style advertisement that they are marketing to their specific consumers.

However, in general, the editorial model and its modeling style do not represent the particular aspect that can be marketed to a large group of average “everyday” consumers (also known as the shoppers). Consumers buy ads that they can relate to or live with to achieve them. This is where a business model can have a great chance of success because its image is part of the marketing process that it sells to the consumer. They represent a very accessible and marketable aspect. Therefore, for whatever product they are promoting, its appearance may vary depending on the product or service that is being advertised to the consumer. That means the door is open to many different types and sizes of models. Note that there are actually some fashion editorial models that can move from the editorial model to the side of diverse commercial advertising. That is so ideal for a career model who wants longevity. The business model does not usually have a single appearance, although there may be a special appearance that will hire them again and again.

This is where variations in terminology form and can cause confusion as to whether a model is considered a publishing-type or a commercial-type model. Do you remember the prestigious title? It is placed in editorial models, but there is also something wonderful to say about being a successful business model in operation. “Commercial” is a term that the general public considers commercials that they see on television or hear on the radio. The terminology used by an advertising agency versus a modeling agency when referring to “commercial” also has different degrees of meanings, depending on how they interpret the reservation.

Being in a TV commercial is a type of opportunity that can use commercial models, but “NO” is the reason they are called commercial models. For the purposes of a business model, the doors are open to almost anyone who has the ability to be photogenic for photographs or have the right personality and approachable appearance to promote a product. The range of models can range from being very attractive in appearance to people who possess a great face and / or “character” personality (also known as a character model). Fashion has its place for business models (also known as business fashion models) when selling the garments or accessories that are advertised in catalogs, showrooms, and certain magazine ads (not in editorial stories).

The context for explaining where “business model” terms are used may vary depending on who is referring to the booking … an advertising agency, a commercial modeling agency, or a “specialty” fashion publishing agency. Advertising agencies (also known as advertising agencies) are hired on behalf of a business that wants to promote its product or service. Advertising agencies will generally be in charge of how the product or service will be promoted and will usually be in charge of hiring all the necessary personnel to complete the work, such as photographers and models as well. If the campaign is something to promote a “fashion” product, then the “advertising” agency refers to this as a “fashion” job. This is where the slight confusion of terms is just a technicality. An “Editorial” modeling agency does not refer to such “fashion” work as “editorial” and will likely see the ad as commercial. So here you have the point of view of the ad agency booking a “fashion model”, but perhaps the modeling agency is referring to what the ad agency is booking in terms of a business model. Ultimately someone is used, so kudos to any type of model who gets the job. Commercial fashion print stocks for models also represent a lot of work around the world, as well as haute couture modeling. The demand for catalog models varies from city to city, as does the prestige of the job.

Although “Prestige” is typically a term used for editorial model reservations, there is a rare level of “exception” for business models who also work for “big” fashion clients. Exclusive catalogs, beauty clients, fashion clients, and department stores that use “mixed” fashion and business models for their print work also offer opportunities that are different from fashion editorial stories. This is high-end advertising! There are some rare, “dual type” models that may possibly be in the same types of magazines for your “commercial” fashion ad as your “editorial” fashion story would be in. These companies want to display their product and company name with a great deal of effective representation and on a large scale, so the end result is to “invest” in their ability to make money. Booking models are an investment of their money that they pay directly to the advertising agency (or modeling agency), so the ability to have the correct model that represents the “look” of the company in their market that they are trying to get there is essential. The “prestige” in a fashion printing business opportunity is usually associated with the unique customer, the use of photographs, or the amount of money paid to the business model.

Business print models appear in magazine ads, newspapers, newspaper flyers / inserts, brochures, school textbooks, catalogs, billboards, internet ads, hangtags, food packaging, and many other product images (too many to list all). We mentioned earlier that there is flexibility in the appearance and even the size of the model. The requirements are not as strict as those of the editorial fashion model with respect to height, weight and body measurements, but the model hired for a commercial printing job must fit the shoes of any “character” who has been hired for represent the front. of the camera. The character is usually reserved according to the model that suits the closest role, such as “young mother”, “middle-aged pilot”, “corporate executive”, “young nurse”, “university student”, and so on. The company or advertising agency has its own idea of ​​how they want their product or service to be represented, so the model must “look” and “project” the piece to the client and the photographer. This implies taking action. The younger model is unlikely to be an experienced or trained actor, but modeling is a version of role play, so acting is a personal trait that can enhance the model’s ability to get into character. Actors are also competing for these jobs in commercial printing, so it’s not just about professional models. They all want the job. Commercial print modeling may or may not be a full-time career choice compared to the often hectic schedule of the editorial fashion model.

Flexibility in the availability of a model is also a key requirement to get the job when jobs are also available. Some reservations are literally made at the “last minute” when customers need someone ASAP for “whatever” reason they can find (a model never showed up, a model needs to be replaced, etc.). There is often a team of people who trust “everyone” to do their job and be on time. Time is something you pay for and a model should never assume that it is acceptable to be even five to fifteen minutes late. It is not a social situation, but a professional and paid job. Getting there a little early is worth the experience of not frustrating a team of creative people and allowing yourself a little breathing time to get into character! Being on time should not be viewed as arriving at the exact time the job officially begins. It is implied that you should know that you need to arrive a little earlier to catch up on the required information, additional preparation, or updates on what is happening for that reservation. Your mind should be open to whatever character you play and how you can best display any implicit product or service through your poses and any accessories.

Clothes may not always be provided by customer … surprise! You also don’t want to know too late! This is part of the commercial modeling industry where you can provide the “accessories” like clothes, shoes, glasses, jewelry, etc. You may even need to do your makeup and hair on your own. Not as glamorous as the general public perceives, huh? It all depends on the client’s budget, so you must take it into account BEFORE you show up for the reservation. Always get as much information from the agency when reserving your schedule on any special considerations. It also doesn’t hurt to consult a potential client before going to see him, to find out what he does if he is not familiar with him. Anything that gives you information that can help you get the job or be prepared to do even better is smart. (also known as “smart model”)

Property economics and guarantee of future earnings

To have a snowballing chance in this brave, new, globalized, and rigged economy, here’s something millennials need to know and understand. For all practical purposes, ALL DISCRETIONAL WEALTH IS BEING GENERATED FROM THE PROPERTY SIDE OF THE ECONOMY!

That’s right. There are two ways to generate income. You can work for him to earn a salary or salary. Or you can own capital assets that create wealth, such as stocks, bonds, real estate, machinery, copyrights or patents, etc. The owners of such wealth-producing capital assets receive dividends (that is, they generate income) strictly by virtue of their ownership.

That’s why best-selling author and motivational speaker Robert Kiyosaki says, “A job is a short-term solution to a long-term problem.” The long-term solution to the long-term problem, of course, is ownership of capital because, for all practical purposes, ALL DISCRETIONAL WEALTH IS GENERATED FROM THE PROPERTY SIDE OF THE ECONOMY, NOT THE EMPLOYMENT / LABOR SIDE . The employment / labor side of the economy has been stagnant for more than three decades, while the property side has expanded exponentially over the same period of time.

So what can millennials do?

So what can millennials do with this insight? For starters, in the wake of graduation, as they work their way into the brave new economy of the 21st century, they can search for employee-owned businesses (including worker-owned cooperatives and ESOPS) and submit their resumes. and requests. .

Guarantee future earnings

You see, employee-owned companies (ESOP, which is short for Employee Stock Ownership Plans) are organized in such a way that qualifying employees are rewarded with opportunities to buy shares (become semi- partners) in the company they work for using FUTURE. COMPANY EARNINGS (as opposed to your own savings or equity, which minimizes personal risk) AS A GUARANTEE. In investment circles, this strategy would be called Leveraged Buy (LBO).

THIS UNIQUE FORM OF CAPITAL CREDIT FINANCING IS ONLY ACCESSIBLE TO EMPLOYEES WORKING FOR COMPANIES THAT OFFER AN ESOP OPTION. More specifically, it is not available in employee-owned cooperatives, which is the next best option. And it has NOTHING TO DO with a company that offers stock options to employees, which is not only highly speculative, but depends 100% on the possibilities of financing with conventional guarantee.

Two streams of income

Therefore, without having to invest in savings or jeopardize the family home, ESOP employees develop TWO INCOME STREAMS. One from your salary or salary, and the other from your share-based dividends. The former is actively generated through the employee’s own time and effort. The second is the passive or residual income that is generated by virtue of your property.

Suddenly you see employees / workers who are benefiting from both the job / job and the property side of the economy, which, as we said before, is where ALL THE DISCRETIONAL WEALTH IS BEING GENERATED in the 21st century economy.

What else can millennials do?

So what else can millennials do in this regard? They can support political candidates who advocate for employee ownership as a business model. For example, Senator Bernie Sanders of Vermont has sponsored two bills in the United States Senate that are specifically designed to encourage employee property practices. The first (S.2909) “Provides programs designed to encourage employee ownership and participation in business decision-making throughout the United States.” The second (S.2914) “Creates a US employee-owned bank”, which is designed to support the idea of ​​using future earnings as collateral in the stock ownership transaction.

The more millennials know about the power of property, the better their chances of participating on the property side of the economy, where, as we’ve said before, all discretionary wealth is generated. In the process, the malignant wealth gap that threatens America’s democracy so much can be reversed. Corporate plantations that are built on the hierarchy and on the backs of modern wage slaves can be democratized. And the chances of millennials surviving, even thriving, in the 21st century economy will be maximized.

PS By the way, since this strategy is built on a foundation of private (not public) ownership, it is a capitalist solution to our problems, not a socialist solution.

Planning the family reunion step by step

As a wise proverb says: “There is a time for everything under the sun. A time to run, a time to laugh, a time to jump.” With that feeling, it is time to strengthen the ties of family union. And what better way to start than planning your next family reunion. Family reunion events have turned into big annual family celebrations these days. From meetings in the old farm to gala events on luxury cruises. But when is a good time to start planning your family reunion? The fact is, any time is a good time to start planning a memorable and meaningful family reunion.


The key to successfully planning a small to large family event is to give yourself and the rest of the family plenty of time to organize everything. This will also allow family reunion planners to gain support when and where it is needed. This requires good communication and organization on the part of the meeting planners.


Your best approach to hosting a family reunion event is to use what’s called a family reunion planner organizer with * attendee registration spreadsheet functions. Planner organizers now come in many software formats. A standalone schedule may require manual entry of information such as meeting date, time, number of attendees, guest list contact information, and so on. It is beneficial to choose meeting planning software platforms that allow users to export and import data in formats most users are familiar with, such as MS Word and Excel Spreadsheets.


Users should be able to take advantage of spreadsheet data reporting and presentation features such as bar and pie charts for surveys, expired ledgers, etc. Your family reunion planner organizer should allow you to easily enter your survey and count data. For example, the reunion committee defines three possible locations for the family reunion event. You may want to know how far these locations are from each attendee’s home address. Features that allow you to enter the travel distance to the meeting event location by household and run a comparison report can help you narrow down the most convenient locations.


Your software should include features that allow you to add T-shirt orders and payment balances. Keep track of desired meeting activities and menu polls. Keep track of delegated assignments. Make sure your planner also comes with a family reunion planning manual. It should contain an editable pre-written timeline planner with a built-in checklist. The meeting supplies and materials lists are extremely helpful. Many meeting planners come with a large number of templates such as brochures, labels, name tags, official meeting correspondence stationery, welcome letter template, to name a few.


Now major search engines offer features that allow users to share standard data in MS Word and Excel spreadsheet format with other users online, making the meeting communication process much easier for everyone. involved.


Step 1. Your first task is to gather information from family members about the type of family reunion event they would like to have. To do this, you must first start announcing that plans are in place for the next family reunion and the need to consider ideas and select volunteers from committee members.

Step 2. Compile a list of family members and their addresses and send out your announcements as a brochure or newsletter format. Your ad should include a short survey asking for your opinions and suggestions on food, entertainment, theme, events, and location. Those who respond quickly and provide practical input should be asked to form the meeting committee.

Step 3. Establish a time and place for the initial committee meeting where the majority can attend.

Step 4. Form the initial members of your committee, including the president and treasurer.

Step 5. Using your “Committee Roster” begin selecting other subcommittee chairs. Their committee lists include the following duties:

Feeding committee

Welcome / Greeting Committee

Finance committee

Communications Committee

Installation and cleaning committee

Fundraising committee

Family History Committee

Photography Committee

News and Media Committee

Supply department

Health and safety committee

security Department

Genealogy Research and Presentation Committee

Step 6. Now review your items for consideration and consider the possible locations of the meeting sites visited, “meeting topics, proposed date, initial cost estimates for the budget. Remember to use the survey you sent with your mail. Initial Many Family Reunion Planner organizers contain 30 or more items for your consideration.

Step 7. As you discuss the items for consideration, record the final decisions about who will do what. Delegate committee heads and volunteers accordingly. Make sure the delegations are in harmony with the department heads of your committee. Avoid overlapping assignments.

Step 8. Now go into the details of planning the event. Using a list of “Possible locations and activities”, compare the completed surveys with the possible location and list of activities. Draw a line through the non-recommended locations and reduce the desired location to about three or four options. Now vote. Follow the same pattern for activities.

Step 9. After deciding on the location and activities, you now have a better idea of ​​the needs of the event in the form of materials and services.

Step 10. Using a “Needs List” as a starting point, begin listing all the needs for your event with the help and feedback of department heads.

Step 11. Create a rough “Expense List” to get an idea of ​​the amount of funds required for the event and activities and add it to the Reunion Planner budget list and calculation tool.

Step 12. Using your surveys, complete a “Meeting Lunch Schedule Agenda” if your meeting event will take place after noon. Otherwise, create a “Meeting Dinner Schedule Agenda”.

If you follow these basic steps when choosing your family reunion software and organizing your reunion event, you are off to a good start.

* A “Attendee Registration Worksheet” for family reunion planning is a spreadsheet that allows the user to record information in the form of a quota ledger, conduct meeting surveys, create a guest list. ” Enter t-shirt orders and track special needs.

Five great investment features

We favor low-cost, fiscally efficient, diversified, liquid and simple investments. Many investors often have problems when they invest in things that do not have these five characteristics. Investments with these five characteristics have been profitable over time, but they are usually not very interesting. Usually there is no “hot story you need to act on now.” associated with them. The financial services industry generally does not favor these types of investments because they generate very little return from them. Our goal is to help maximize the wealth of our clients, not the financial services industry. Please note that this list of investment features is not exhaustive. Other factors to look for in investments may include an attractive valuation, a low correlation to your other holdings, a good dividend yield or interest income, a bias towards areas of the market that have produced higher returns, such as value stocks, an appropriate level of risk for you. etc.

Low cost. We typically invest in low-cost index-based funds and exchange-traded funds (ETFs). The funds we invest in have an average expense ratio of just 30% per year. The typical actively traded stock mutual fund has an average expense ratio of 1% or more. With mutual funds, the best predictor of future relative performance is the fund’s expense ratio; the lower the better. Hedge funds typically have annual expense ratios of 2% plus 20% of their earnings. Some variable annuities and “investments” in permanent life insurance can have annual expenses of 2% or more. By closely monitoring the costs of our investments, we can save our clients significant amounts of money each year and help them achieve higher returns over time (all other things being equal). With investment products, you do not get a better return with a higher cost product, in fact, you usually get a worse return.

Tax efficient. Our investments (index-based funds and ETFs) are extremely tax efficient and allow the investor to have some control over the timing of taxes. These types of funds have a low turnover (business activity), which is a common characteristic of tax-efficient investments. We recommend avoiding high-turnover mutual funds due to their tax inefficiency. After the recent big spike in the US stock market, many active equity mutual funds have “built in” capital gains of up to 30% -45%. If you buy those mutual funds now, you may end up paying capital gains tax on those built-in earnings, even if you didn’t own the fund during the raise. ETFs generally do not generate short- and long-term capital gain distributions at the end of the year, and they do not have built-in capital gains like active mutual funds. Hedge funds are often ineffective from a tax point of view due to their very high turnover. In addition to investing in tax efficient products, we also do many other things to help keep our clients’ taxes minimized, such as collecting tax losses, keeping our turnover / trading low, placing the right kind of investments in the right type of accounts (tax location), use losses to offset capital gains, use large capital gains for donations, invest in tax-free municipal bonds, etc.

Diversified. We like to invest in diversified funds because they reduce the specific risk of your stocks and the overall risk of your portfolio. Bad news posted on a stock can cause it to drop 50%, which is horrible news if that stock is 20% of your entire portfolio, but it will hardly be noticeable in a fund of 1,000 stock positions. We tend to favor funds that typically have at least a hundred shares and often several hundred shares or more. These diversified funds give you broad representation of the entire asset class you’re trying to expose yourself to, while eliminating equity-specific risk. We are not likely to invest in the latest Solar Energy Company stock fund with 10 stock positions, for example. We do not believe in taking any risk (such as equity specific risk) for which you will not be paid with a higher expected return.

Liquid. We like investments that you can sell in a minute or a day if you choose, and those that you can sell at or very close to the current market price. With liquid investments, you always (daily) know the exact price and value of your investments. All investment funds that we recommend comply with this standard. We don’t like investments that you are stuck in for years without the ability to get your money back at all or without paying large exit fees. Examples of illiquid investments would be hedge funds, private equity funds, annuities, private company stocks, small publicly traded stocks, startup stocks or debt, illiquid dark bonds, structured products, some life insurance “investments” , private real estate companies, etc. . We prefer mutual funds that have been around for some time, are large in size, and have high average daily trading volumes.

Simple. We prefer investments that are simple, transparent and easy to understand. If you don’t understand it, don’t invest in it. All of our investments are simple and transparent; we know exactly what we own. Complicated investment products are designed in favor of the seller, not the buyer, and often have high hidden fees. Examples of complicated and non-transparent investments that we generally avoid are hedge funds, private equity funds, structured products, some life insurance “investment” products, variable annuities, private company stocks, startup stocks or loans, etc. . “Make everything as simple as possible, but not easier.” -Albert Einstein.

We believe that most investors should have the majority of their portfolio invested in things that have these five great characteristics. By doing so, you will avoid many mistakes, negative surprises, and risks down the road. Additionally, we believe that your after-tax returns on your investment will likely be higher over long periods of time. Of course, not all smart or good investments will have all of these characteristics. For example, income-generating real estate is illiquid (and often not diversified), but it can be a great long-term investment if properly purchased and managed. Owning your own business is neither liquid nor diversified, but it can also be a great way to build wealth. We believe these five investment characteristics become even more important as you enter retirement, as at that point you may be more focused on reducing risk and preserving your wealth than building it, and you may need the liquidity to spend. and donate part of your assets during Retirement. These five great investment characteristics can be a good screening device for potential investments and good factors to think about when investing.

How Modified Workers’ Compensation Rates Affect You and Your Business

Workers’ compensation is regulated at the state level, which means everything is standardized and everyone pays the same rate as everyone else. Right? Well, of course that is not the case. There are a number of factors that affect your own coverage, how much you pay, and even how easy or difficult it is for you to get your coverage.

Initially, the amount you pay and your ability to obtain workers’ compensation coverage is determined by factors such as your industry classification, whether it is a new or established business. Depending on what state you are in and how many employees you have, there is also the determination of whether or not you should have this form of insurance to begin with.

Small businesses can also seek the assistance and services of employee leasing providers to become part of their coverage, usually a much larger and more established platform. This generally helps reduce the cost of coverage.

All of this, though, and we haven’t gotten to the point in this guide, that modified workers’ compensation rates are one of the most important variables in determining how much you pay for your coverage. A new business generally receives a 1.0 modification fee. All of this means that you pay 100% of the mandatory or regulated rate for your type of industry.

Of course, the term modifier implies that this number will not always be the same. Your rate may be lowered in subsequent years. A modification fee of 95, for example, means that you only have to pay 95% of the industry standard. The state and the industry you are in will once again affect how, when and to what extent your modification rate can change.

Workers’ compensation rates can also increase, of course, to the chagrin of business owners. A mod fee of 1.15 implies that you have to pay 115% of the standard fee. Typically, such an increase is based on the number and severity or variety of reported incidents from the previous year or the reported time period.

If your rate goes up enough, that’s when you may even have a hard time getting coverage. Different states have organizations or services that then specialize in high-risk or hard-to-obtain workers’ compensation policies. That could help ensure you’re covered, but you’ll have to prepare for the additional cost.

Understanding the changed rates on your workers’ compensation is one more way to understand how much you are paying and for what reasons. Be sure to check with a licensed insurance agent or broker in your state if you have any questions about getting a new policy or looking for a better deal.